The Market closed up Today

Discussion in 'Stock Market' started by william the wie, Aug 15, 2019.

  1. william the wie
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    william the wie Gold Member

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    It appears that the big short purportedly from China was covered today. China's dilemmas appear to be making each other worse.
     
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  2. ABikerSailor
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    ABikerSailor Diamond Member

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    The market lost 800 yesterday, but only gained 99 points today.

    That is still a net loss of 701 points.
     
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  3. The Banker
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    The Banker VIP Member

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    US Markets still strong, and US economic data is still good.
     
  4. william the wie
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    william the wie Gold Member

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    Covered puts and calls are yielding way up.
     
  5. The Banker
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    The Banker VIP Member

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    I sold puts on SHOP on friday. SEP 13, 340 335 strike. SHOP is a beast, one of the strongest stocks this year.
     
  6. Picaro
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    Picaro Gold Member

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    It hit above 380 yesterday, didn't it? And in the face of news and rumors of declining consumption.
     
  7. Picaro
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    Picaro Gold Member

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    Maybe a 2%-3% movement; not much on a base line of 25,000-ish +. + or - 2,500 in today's markets isn't a cause for massive panic given how large some of the giants are in numbers of shares, just some concern, depending on which stocks are leading the drop or fall. Little of it reflects much of the real economy anyway with P/E ratios at absurd levels for many of them, just pump and dump schemes among institutional buyers and sellers.
     
  8. The Banker
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    The Banker VIP Member

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    Yea it should hold up nicely. 340 is the where it was at before it's blow out earnings so it seems doubtful that it would drop to that level, but anythings possible. It I have problems I can just add a week and roll it down to probably 330 or lower. Forget bonds, forget gold, in times of economic distress put all your money in SHOP!
     
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  9. ABikerSailor
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    ABikerSailor Diamond Member

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    Well, today the tariffs go into effect with China. Wonder what the markets are going to do tomorrow?
     
  10. Picaro
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    Picaro Gold Member

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    Do you happen to know who the biggest buyers were?
     

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